Post Utme Lautech 2018 Economics Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Lautech Economics examination.

Post Utme Lautech 2018 Economics Objective / Multiple Choice
Question 40 POST_UTME_LAUTECH • 2018 • ECONOMICS • objective

The demand curve for a product is downward sloping, indicating that as the price of the product increases, the quantity demanded decreases. What is the effect of an increase in income on the demand curve?

Answer Options

A. Shift to the left
Correct Answer B. Shift to the right
C. No change
D. Increase in price
Correct Answer
B
Correct Option:
Shift to the right

About This Question

This is Post Utme Lautech 2018 Economics Question 40. It is one of the objective questions from the 2018 Post Utme Lautech Economics examination.

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